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CNBC launches Germany: Engine of Europe with the country’s finance minister Olaf Scholz telling the channel exclusively that Europe requires a streamlined and united front in tackling the COVID pandemic. The IMF raises its post-pandemic global guidance, saying that China’s response has driven growth but warns that asymmetrical vaccine rollouts will provide ‘daunting challenges’ ahead. According to CNBC sources, Morgan Stanley reportedly dumped $5bn in Archegos bets on the eve before the hedge fund’s fire sale. And in IPO news, a report suggests Goldman Sachs bought £74m of Deliveroo shares in an effort to support the stock price after its disappointing IPO.
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